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Tax reform – submitted to National Assembly

|Proposed Changes|El Salvador
El Salvador

7 December 2011

On 29 November 2011, the Government presented a tax reform bill to the National Assembly for approval. The tax reform is expected to enter into force as of 1 January 2012.

Some of the most important features of the proposed reform are as follows:

…
-   an increase of the maximum income tax rate applicable for individuals and corporations from 25% to 30%;
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